Multi-strategy major Millennium Management has named seven new Partners, including 35-year-old former Goldman Sachs Managing Director Dan Avery, who joined the firm as an index trader in October 2020, according to a report by eFinancial Careers.
Rokos Capital Management, the macro trading hedge fund firm founded by Chris Rokos, overturned early-year losses to end 2023 with an 8.8% gain, despite suffering a loss in the final month of the year, according to a report by Bloomberg.
FinchTrade, a Swiss company specialising in liquidity provision and investment tools in the cryptocurrency sector, has formed a new partnership with Cypator, an institutional crypto Electronic Communication Network.
Multi-strategy major Millennium Management has provided $3bn to support the launch of Taula Capital, a new macro hedge fund, by former Millennium portfolio manager Diego Magia, according to a report by the Financial Times.
Elliott Investment Management, the prominent activist hedge fund firm founded by Paul Singer, has built a roughly $1 bn stake in Match, the parent company of Tinder, Hinge and other dating platforms, according to a report by the Wall Street
Doubts over growth in oil consumption during 2024 prompted hedge funds and other investors to resume selling petroleum futures and options, especially those tied to crude, after two weeks of purchases, according to a report by Bloomberg.
Hedge fund performance surged through year-end, with December showing an acceleration in gains driven by a decline in inflation, falling bond yields, and structural developments in cryptocurrency, according to HFR.
The tech stock sell-off by global hedge funds continued for the third week running last week with mangers with managers cutting their long wagers in the sector at the highest level seen in 11 weeks, according to a report by
Digital asset investment products saw inflows totalling $151m in the first week of 2024, bringing the total inflows since the Grayscale vs SEC lawsuit to $2.3bn, according to the latest Digital Assets Fund Flows weekly report from CoinShares.
ExodusPoint, the hedge fund firm founded by Millennium Management alumni Michael Gelband and Hyung Lee, has added four Portfolio Managers to its team after raising additional investment funds, according to a report by eFinancial Careers.
